Yahoo 2013 Annual Report Download - page 82

Download and view the complete annual report

Please find page 82 of the 2013 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

Yahoo! Inc.
Consolidated Statements of Cash Flows
Years Ended December 31,
2011 2012 2013
(in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income .............................................. $1,062,669 $ 3,950,602 $ 1,376,566
Adjustments to reconcile net income to net cash provided by (used in)
operating activities:
Depreciation ......................................... 530,516 549,235 532,485
Amortization of intangible assets ......................... 117,723 105,366 96,518
Accretion of convertible notes discount .................... — — 4,846
Stock-based compensation expense, net .................... 204,172 220,936 278,220
Gains from sales of patents .............................. — — (79,950)
Goodwill impairment charge ............................. — — 63,555
Restructuring charges .................................. 990 109,896 547
Gain from sale of Alibaba Group Shares ................... — (4,603,322) —
Loss (gain) from sales of investments, assets, and other, net .... 4,405 (11,840) 22,397
Earnings in equity interests .............................. (476,920) (676,438) (896,675)
Dividend income related to Alibaba Group Preference Shares . . — (20,000) (35,726)
Tax benefits (detriments) from stock-based awards ........... 33,497 (31,440) 49,061
Excess tax benefits from stock-based awards ................ (70,680) (35,844) (64,407)
Deferred income taxes .................................. 70,392 (769,320) (84,302)
Dividends received from equity investees .................. 75,391 83,648 135,058
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable ............................... 38,100 34,752 26,199
Prepaid expenses and other .......................... 97,849 78,529 27,401
Accounts payable ................................. (316) 12,747 (7,764)
Accrued expenses and other liabilities ................. (290,070) 255,799 (98,853)
Deferred revenue .................................. (73,912) 465,140 (149,929)
Net cash provided by (used in) operating activities ........... 1,323,806 (281,554) 1,195,247
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment, net ..................... (593,294) (505,507) (338,131)
Purchases of marketable securities ............................ (1,708,530) (3,520,327) (3,223,190)
Proceeds from sales of marketable securities .................... 1,508,948 741,947 2,871,834
Proceeds from maturities of marketable securities ................ 1,316,197 381,403 748,915
Proceeds related to sale of Alibaba Group Shares, net ............. — 6,247,728 —
Proceeds related to the redemption of Alibaba Group
Preference Shares ....................................... — — 800,000
Acquisitions, net of cash acquired ............................ (323,830) (5,716) (1,247,544)
Purchases of intangible assets ................................ (11,819) (3,799) (2,500)
Proceeds from the sale of investments ......................... 21,271 26,132 181
Proceeds from the settlement of derivative hedge contracts ......... — 17,898 312,266
Payments for the settlement of derivative hedge contracts .......... — (11,141) (22,708)
Proceeds from sales of patents ............................... — — 79,950
Other investing activities, net ................................ (6,581) (6,574) (2,294)
Net cash provided by (used in) investing activities ........... 202,362 3,362,044 (23,221)
The accompanying notes are an integral part of these consolidated financial statements.
80